Agricultural Dev. Bank profit rises by 10.31% to Rs 60.73 crore till Q1; base rate and CCD both decline

Agricultural Development Bank Limited (ADBL) has posted a 10.13% rise in net profit in the first quarter of the fiscal year 2076/77.

As per the unaudited report, its net profit has increased to Rs 60.73 crore, up from Rs 55.14 crore. ADBL’s operating profit for this quarter stands at Rs 82.01 crore. The operating profit has also increased by 11.17% compared to the same quarter of last fiscal year.

As of the end of Q1, its deposit from customers stands at Rs 1.23 kharba with floated loans of Rs 1.11 kharba. The company's Non-Performing loan has decreased from 3.93% in Q1 of last fiscal year to 3.7% of the current fiscal year.

ADBL’s paid-up capital stands at Rs 14.44 arba which includes Rs 9.01 arba from ordinary shares and Rs 5.43 arba from irredeemable preference share.

The reserve & surplus of the company stands at Rs 14.83 arba and net worth per share is Rs 264.56.

The quarter end P/E ratio of the company is 17.96 times. The company's CCD is 71.42% and its base rate decline to 10.18% from 12.32%..

In the same quarter, the bank has Rs 26.17 crore as distributable profit after Regulatory Adjustments and PL appropriations.

Click here for Q1 report:

Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

 * Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.

*EPS is calculated taking remaining net profit after profit set aside for distributing dividend to irredeemable pref. shares.